group

Uses as of 06/01/2010

Definitions over time (1)

06/01/2010 – 09/12/2011 applies on 06/01/2010 Article 212, Solvency II Directive Scope: Title III

1. For the purposes of this Title, the following definitions shall apply:

‘group’ means a group of undertakings that:(i)consists of a participating undertaking, its subsidiaries and the entities in which the participating undertaking or its subsidiaries hold a participation, as well as undertakings linked to each other by a relationship as set out in Article 12(1) of Directive 83/349/EEC; or(ii)is based on the establishment, contractually or otherwise, of strong and sustainable financial relationships among those undertakings, and that may include mutual or mutual-type associations, provided that:—one of those undertakings effectively exercises, through centralised coordination, a dominant influence over the decisions, including financial decisions, of the other undertakings that are part of the group; and,—the establishment and dissolution of such relationships for the purposes of this Title are subject to prior approval by the group supervisor,where the undertaking exercising the centralised coordination shall be considered as the parent undertaking, and the other undertakings shall be considered as subsidiaries;

Each has its own scope, dates and uses. Open one to see when it applies.